Weekly credit volume of 530,010 was up 179,728 credits from last week and 48 percent above the 2020 average if 357,576. Volume increased 51 percent for the week and was 40 percent over last year’s volume for the same period. The average price paid per credit increased $0.36 to $196.08. There were 34 transactions, five percent were type 1 transfers of 53,888 credits and 23 were type 2 transfers of 476,122 credits. Type 1 transactions are executed within 10 days of an agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a better indication of current market conditions since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $195.08, which was $1.00 below the average for all trades. Third quarter volume is six percent below second quarter volume but 49 percent over Q3 of…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...